The inflow and outflow of institutional funds is an important indicator of the bull market, such as Grayscale's BTC holdings and the net inflow and outflow of ETF funds. If institutional funds begin to reduce their holdings of mainstream assets or turn to other areas, it means that the market has entered the late stage of the bull market.
At the end of the market, the inflow rate of funds will slow down, and even turn from inflow to outflow, that is, when net selling, it also means that the market is about to end. This is an important reference indicator.
The currency circle is a policy-sensitive market, and regulatory dynamics often determine the direction of the market.
China banned ICO in 2017 and cleaned up mining farms in 2021. These policies directly led to the end of the bull market. Pay attention to global policy dynamics, such as the US SEC's trends and China's anti-money laundering policies.